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Too big to fail in financial crisis : motives, countermeasures, and prospects

Shull, Bernard - 2010

Regulatory forbearance and government financial support for the largest U.S. financial companies during the crisis of 2007–09 highlighted a “too big to fail” problem that has existed for decades. As in the past, effects on competition and moral hazard were seen as outweighed by the threat...

Persistent link: https://www.econbiz.de/10003975091

"The Euro Debt Crisis and Germany's Euro Trilemma"

Bibow, Jorg - Levy Economics Institute - 2012

This paper investigates the causes behind the euro debt crisis, particularly Germany's role in it. It is argued that the crisis is not primarily a "sovereign debt crisis" but rather a (twin) banking and balance of payments crisis. Intra-area competitiveness and current account imbalances, and...

Persistent link: https://www.econbiz.de/10010548312

"When Good Intentions Pave the Road to Hell: Monetization Fears and Europe's Narrowing Options"

Terzi, Andrea - Levy Economics Institute - 2014

With the creation of the Economic and Monetary Union and the euro, the national government debt of eurozone member … monetization" rule, the one embraced by the eurozone was special, as it also prevented monetization on the secondary market for … debt. This made all eurozone public debt defaultable--at least until the European Central Bank (ECB) announced the Outright …

Persistent link: https://www.econbiz.de/10010786627

Cracks in the foundations of growth : what will the housing debacle mean for the U.S. economy?

Papadimitriou, Dimitri Basil - 2007

With economic growth having cooled to less than 1 percent in the first quarter of 2007, the economy can ill afford a slump in consumption by the American household. But it now appears that the household sector could finally give in to the pressures of rising gasoline prices, a weakening home...

Persistent link: https://www.econbiz.de/10003516276

Fiscal responsibility: what exactly does it mean?

Kregel, Jan - 2010

The use of government fiscal stimulus to support the economy in the recent economic crisis has brought increases in government deficits and increased government debt. This has produced an interest in sustainable government debt and the role of deficits in the economy. This paper argues in favor...

Persistent link: https://www.econbiz.de/10003975098

"ECB Worries/European Woes: The Economic Consequences of Parochial Policy"

Barbera, Robert J.; Holtham, Gerald - Levy Economics Institute - 2012

Financial market crises with the threat of a subsequent debt-deflation depression have occurred with increasing regularity in the United States from 1980 through the present. Almost reflexively, when confronted with such circumstances, US institutions and the policymakers that run them have...

Persistent link: https://www.econbiz.de/10011141203

The current economic and financial crisis : a gender perspective

Antonopoulos, Rania - 2009

Widespread economic recessions and protracted financial crises have been documented as setting back gender equality and other development goals in the past. In the midst of the current global crisisoften referred to as the Great Recessionʺthere is grave concern that progress made in poverty...

Persistent link: https://www.econbiz.de/10003859880

The meltdown of the global economy : a Keynes-Minsky episode?

Sen, Sunanda - 2010

The enormity and pervasiveness of the global economic crisis that began in 2008 makes it relevant to analyze the circumstances that can explain this catastrophe. This will also provide clues to the appropriate remedial measures needed to prevent future occurrences of similar developments. The...

Persistent link: https://www.econbiz.de/10008664024

The great crisis and the American response

Galbraith, James K. - 2010

Senior Scholar James K. Galbraith argues the fundamental illusion of viewing the US economy through the free-market prism of deregulation, privatization, and a benevolent government operating mainly through monetary stabilization - the prevailing view among economists over the past three...

Persistent link: https://www.econbiz.de/10003985698

The global crisis and the future of the dollar : toward Bretton Woods III?

Bibow, Jörg - 2010

This paper investigates the United States dollar’s role as the international currency of choice as a key contributing factor in critical global developments that led to the crisis of 2007–09, and considers the future role of the dollar as the global economy emerges from that crisis. It is...

Persistent link: https://www.econbiz.de/10003943131